RE
Ronan Ekabia
Chief Executive Officer
Chief Executive
born 1975comp · ₪2,255,000
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Fetching the books…
Bait Vegag Real Estate Development Ltd engages in the initiation, planning, execution, and marketing of real estate projects in Israel. The company also offers evacuation construction, and demolition and construction services.
Income real-estate trades on FFO yield + debt structure. Watch refinancing walls and lease expiries.
1 high-severity red flag present. Treat as no-touch unless you have a specific contrarian thesis.
| Period | Revenue | Gross profit | Operating income | Net income | Net margin |
|---|---|---|---|---|---|
| 2021-12-31 | — | — | — | — | — |
| 2022-12-31 | ₪271.88M | ₪56.83M | ₪17.42M | ₪9.93M | 3.7% |
| 2023-12-31 | ₪128.33M | ₪18.78M | ₪-10.63M | ₪-7.27M | -5.7% |
| 2024-12-31 | ₪136.39M | ₪25.71M | ₪-5.01M | ₪-3.86M | -2.8% |
| 2025-12-31 | ₪109.64M | ₪20.18M | ₪-12.64M | ₪-13.73M | -12.5% |
Bait Vegag Real Estate Development Ltd engages in the initiation, planning, execution, and marketing of real estate projects in Israel. The company also offers evacuation construction, and demolition and construction services. The company was formerly known as BAIT VEGAG GL LTD and changed its name to Bait Vegag Real Estate Development Ltd in April 2022. The company was founded in 2011 and is based in Ramat Hasharon, Israel.